The hottest international energy agency exaggerate

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The International Energy Agency exaggerates that high shale oil production in the United States is difficult to sustain.

the Bernstein Research Institute, a well-known oil and gas research organization in the United States, recently released a report that the United States surpassed Saudi Arabia to become the world's largest oil producer, which will only be a flash in the pan, with little significance, and can only last for a very short period of time. It is estimated that by 2020, US oil production will fall back to 9million barrels per day

according to the world energy outlook released by the International Energy Agency (IEA) on November 12, with the application of new technologies increasing the amount of oil exploitation, the United States will become the world's largest oil producer in 2020, and can maintain this title for about five years. According to the U.S. Department of energy, the United States met 83% of its energy demand in the first six months of this year

in response to such an optimistic prediction of the International Energy Agency, Neil Beveridge, a senior oil analyst at Bernstein, who wrote the oil and Gas Report of Bernstein Research Institute, and his colleagues believe that the peak time of U.S. oil production will be earlier than the prediction of the International Energy Agency, and the decline rate will be faster

according to this report, US oil production has ushered in a significant revival. In the past three years, the daily oil production has increased by 1million barrels, reaching 8.5 million barrels this year. Considering the further growth of shale oil, the average daily oil production of the United States is expected to be close to 10.5 million barrels by 2015. This will be comparable to Saudi Arabia's production, but it will only last for a short period of time. By 2020, US oil production is expected to fall back to 9million barrels per day. In contrast, the International Energy Agency predicts that U.S. oil production has been growing, reaching 11.1 million barrels per day in 2020, and will not begin to decline to 12% until 2025

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